Real GDP is the dollar value of all goods and services produced in an economy.
Answer the following statement true (T) or false (F)
False
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Holding other things constant, a depreciation of the US Dollar relative to the Kenyan Shilling would cause the demand for the Shilling to _____________ and the supply for Shilling to __________
a. Increase; decrease b. Increase, increase c. Decrease; Increase d. Decrease; Decrease
A reduction in a country's government budget deficit
a. shifts both the supply of loanable funds in the market for loanable funds and the supply of dollars in the market for foreign-currency exchange right. b. shifts both the supply of loanable funds in the market for loanable funds and the supply of dollars in the market for foreign-currency exchange left. c. shifts both the demand for loanable funds in the market for loanable funds and the demand for dollars in the market for foreign-currency exchange right. d. shifts both the demand for loanable funds in the market for loanable funds and the demand for dollars in the market for foreign-currency exchange left.
Robert uses his drawing skill to create medical illustrations for a company that makes medical equipment. Robert’s drawing skill is an example of ______.
a. scarcity b. a resource c. an output d. an aggregate
One of the challenges for development economists working in health care is to figure out a way to:
A. give incentives to families to make better health care choices. B. force doctors to practice good medicine. C. decrease the frequency of preventative medicine, such as immunizing children. D. All of these statements are true.